We are pleased to announce the sale of 11565 Riverside Drive, a seven-unit multifamily property that was constructed in 2000 and is therefore not subject to Los Angeles rent control. Consisting entirely of two bedroom townhouse-style units, each well-appointed townhouse includes its own in-unit washer and dryer, as well as central air and heat, fireplace, and wood flooring. Rarely does a non-rent control property present such immediate rent upside, but this fully-occupied property contains a tenant base that has resided in the building for an average of nearly seven years, and current rents are approximately 39% below those of similar properties in the area.With 7,500 rentable square feet spread over the seven units, the building's large floorplans and ample parking - with two tandem parking spaces allocated to each unit - may help the new owner to command higher rents. Each unit includes its own individual water heater, several of which have been recently replaced.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
